SEC/FASB Update Conference
2005 Conference Agenda
Monday, July 25, 2005
Deluxe Continental Breakfast & Registration
7:30 – 8:30 AM
Welcome & Opening Remarks
8:30 – 8:45 AM
Overview of the Current Regulatory Environment
8:45 – 9:30 AM
FASB Update
9:30 – 10:30 AM
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Stock-based compensation (FAS 123(R) final rules) |
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Business combinations |
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Fair Value Measurements |
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FAS 140 |
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Other current FASB projects and developments |
Break
10:30 – 10:45 AM
SEC Hot Buttons
10:45 AM – 12:30 PM
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MD&A Interpretive Release |
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Expanded Form 8-K reporting |
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Recent SEC staff positions on accounting |
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Areas of focus in the SEC’s review of filings |
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Regulation S-B |
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Securities Act reform |
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Comment letters |
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Current SEC proposals |
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Late-breaking developments |
Luncheon
12:30 – 1:30 PM
Income Tax Contingencies: Accounting Issues
1:30 – 2:00 PM
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Proposed rules on accounting for uncertain tax positions |
Revenue Recognition
2:00 – 3:00 PM
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Dealing with multiple deliverables |
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Status of FASB’s broad-based revenue recognition project |
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SAB 104 |
Break
3:00 – 3:15 PM
Breakout Sessions: (Select one of two tracks)
3:15 – 4:30 PM
Breakout: Current Developments in Financial Instruments & Derivative Projects
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Ongoing evolution of FAS 133 (new amendments, new implementation guidance, new audit firm interpretation) |
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SEC expectations of FAS 133 compliance: benefits for shareholder |
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Update on FASB's derivative disclosure guidance |
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Development of new derivative structures: who can fair value them? |
Breakout: XML Language—Simplifying the Flow of Financial Data
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Corporate reporting supply chain |
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Overview of the SEC XBRL Voluntary Filing Program |
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What's in it for the financial executive? |
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An economic mandate |
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What you do next |
Break
4:30 – 4:45 PM
Breakout Sessions: (Select one of two tracks)
4:45 – 6:00 PM
Breakout: Business Combinations
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Business combinations: purchase method procedures |
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Certain issues related to the accounting for and reporting of noncontrolling (minority) interests |
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Summary of the two projects focusing on the proposed changes to current practice |
Breakout: COSO & Developing Anti-Fraud Programs
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Understand the requirements of COSO as they relate to setting up internal controls |
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Recognize the most common types of corporate fraud |
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Does your company enable fraud? |
Cocktail Reception
6:00 – 7:00 PM
Tuesday, July 26, 2005
Deluxe Continental Breakfast
8:00 – 8:30 AM
Program Review & Update
8:30 – 8:45 AM
Sarbanes-Oxley: PCAOB Update
8:45 – 9:45 AM
Sarbanes 404 Compliance
9:45 – 11:15 AM
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Lessons learned in year one |
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How to sustain the process |
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Leveraging off prior years to reduce fees |
Break
11:15 – 11:30 AM
Share-Based Payment New Rules
11:30 AM – 12:30 PM
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What are the rules? |
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Implementation perspective |
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How do I tweak my model to lower my expense? |
Luncheon
12:30 – 1:30 PM
Update on IFRS (International Financial Reporting Standards)
1:30 – 2:45 PM
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Who’s affected? |
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US GAAP vs. international GAAP |
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Immediate implementation issues: US sub of European company and US parent of European sub |
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Convergence with US rules |
Break
2:45 – 3:00 PM
FIN 46 & Off-Balance Sheet Financing
3:00 – 4:00 PM
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What is it? |
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What FIN 46 impacts |
EITF Update
4:00 – 5:00 PM
Conference Ends
5:00 PM